this post was submitted on 18 Jul 2025
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Trump can basically print infinite amounts of dollars through the federal reserve.

As we all know, conflicts are hella expensive and often decided by who can stay solvent longer. The fact that trump can just print dollars is extremely problematic here.

I guess the necessary course of action would be to bring the dollar's value to zero, and use an alternative currency instead (such as euro, canadian dollar, mexican pesos).

[–] Xanthrax@lemmy.world 2 points 1 week ago

This morning was a wild ride.

[–] lousyd@lemmy.sdf.org 2 points 1 week ago (8 children)

1/3, huh? You must be a high-earning Californian or New Yorker. I don't think anyone else pays that much.

[–] BussyCat@lemmy.world 3 points 1 week ago

In California as a single person, with only the standard deductions and not deducting anything else (no health insurance or 401k) you would have to make 210k to pay 1/3 of your salary. If you pay $100 a month in health insurance premiums and put 5% into 401k then you have to make over 275k to pay 1/3 of your salary in income tax

[–] Z_Poster365@hexbear.net 1 points 1 week ago

Completely false

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[–] neuroneiro@lemmy.world 1 points 1 week ago

Need an hand to help you back up? You seem to keep falling down.

[–] Asswardbackaddict@lemmy.world 1 points 1 week ago

Me trying to take a dump

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